SARAJEVO (Bosnia and Herzegovina), June 17 (SeeNews) – Bosnian brown coal mining company Banovici [SAJ:RMUBR] has launched a public call for a 5 million marka ($2.9 million/2.6 million euro) loan that it will use to finance purchases of equipment, local media reported on Wednesday.
Banovici plans to take out a loan with a five-year term including a grace period of 12 months, offering equipment and land mortgage as collateral, news portal eKapija.com reported.
The deadline for submitting loan offers is July 1.
The government of Bosnia’s Federation entity owns a 69.5% stake in Banovici, according to the most recent data published by the Sarajevo Stock Exchange.
The Federation is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro = 1.95583 marka)